NIFTY FO CLOSED @ 5455 AS ON 14.02.2011
NIFTY FO has resistance @ 5477 to 5483, above which other resistance levels are @ 5493 to 5510. In down side support levels are @ 5430 to 5409 levels; below which other support levels are @ 5390 to 5370 levels in FEBRUARY - 2011. I am positive for next week above 5510 level but be with the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only. and it�s still a better strategy in the given scenario. One can go for buy at those levels also, but in absence of that its time to BOOK PROFIT now. This is a pessimistic outlook but that's the way we tend to be, in this market.
